Application of Issuer Money. All monies deposited with the --------------------------- Indenture Trustee pursuant to Section 4.1 shall be held in trust and applied by ----------- it, in accordance with the provisions of the Notes, this Indenture and the applicable Indenture Supplement, to make payments, either directly or through any Paying Agent to the Noteholders and for the payment in respect of which such monies have been deposited with the Indenture Trustee, of all sums due and to become due thereon for principal and interest; but such monies need not be segregated from other funds except to the extent required herein or in the Transfer and Servicing Agreement or required by law.
Appears in 2 contracts
Samples: Master Indenture (Spiegel Master Trust), Master Indenture (Spiegel Inc)
Application of Issuer Money. All monies deposited with the --------------------------- Indenture Trustee pursuant to Section 4.1 shall be held in trust and applied by ----------- it, in accordance with the provisions of the Notes, this Indenture and the applicable Indenture Supplement, to make payments, either directly or through any Paying Agent to the Noteholders and for the payment in respect of which such monies have been deposited with the Indenture Trustee, of all sums due and to become due thereon for principal and interest; but such monies need not be segregated from other funds except to the extent required herein or in the Transfer and Servicing Agreement or required by law.
Appears in 2 contracts
Samples: Master Indenture (Alliance Data Systems Corp), Master Indenture (Alliance Data Systems Corp)
Application of Issuer Money. All monies deposited with the --------------------------- Indenture Trustee pursuant to Section 4.1 shall be held in trust and applied by ----------- it, in accordance with the provisions of the Notes, this Indenture and the applicable Indenture Supplement, to make payments, either directly or through any Paying Agent to the Noteholders and for the payment in respect of which such monies have been deposited with the Indenture Trustee, of all sums due and to become due thereon for principal and interest; but such monies need not be segregated from other funds except to the extent required herein or in the Transfer and Servicing Agreement or required by law.
Appears in 1 contract
